Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. In January 2021, Bill Gates became the largest owner of farmland in the United States. Read more about our work to fact-check social media posts here . Gates does not own the majority of U.S. farmland. He was right when he predicted the COVID-19 epidemic in 2015. Why am I just learning about this NOW?. Amazon founder Jeff Bezos . The Gates have been quietly acquiring farmland through their investment manager, Cascade Investment, for over 10 years. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . Why? The Guardian, 5 Apr. It isless than .1% of all US farmland because the ownership is so diverse. Partnering with Monsanto to create these super seeds is also part of the plan. In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. Here in Michigan, roughly 1.35 million acres of ag land is held by foreign investors and nearly 90% of this land is in forests. Where Does Bill Gates Own Farmland in the US. One main benefit to alt assets especially for those whore heavily invested in the stock market is, another scenario where more traditional assets like stocks and, Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some, Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that, American farmland produces a lot of exports, exposing you to political risks, Its a little harder to break into farmland than other assets, though this is changing, In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called, Bill and Melinda released their latest initiative, , While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. He has been buying thousands of acres across America. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. Eggs have become expensive and scarce in some parts of the country. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. Over the last decade, Bill Gates has invested in multiple companies, including Beyond Meat and Impossible Foods, that develop plant-based meat alternatives. This article will go into detail about how much land Bill Gates owns and why he owns so much. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". Does Michigan Allow Personal Tax Exemptions? The billionaire is one of the founders of the Giving Pledge, which asks the world's wealthiest people to give away most of their fortunes to charitable causes. However, when you read between the lines with an objective and open mind, one can infer much. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 acres. The tweet had gathered over 215,000 likes at the time of writing. It reported that as of 2022, Gates owned about 248,000 acres of farmland. Chinas American agricultural land holdings have increased over tenfold in the last decade, and at the beginning of 2020, investments from China held $2 billion of American agricultural land. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . Billionaire philanthropist and Microsoft Corp. co-founder Bill Gates has found himself at the center of yet another online conspiracy theory. Who owns the most property in Detroit Michigan? Check out current deals on AcreTrader now! Hes the largest landowner in the United States. These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. ", Gates responded at the time, "My investment team bought the farmland. It was a cold January day in 2021 when Eric O'Keefe, editor and founder of The Land Report, walked up to the podium at the Land Expo in Iowa and announced Bill Gates as America's largest individual farmland owner.He learned this after investigating Gates' purchase of the 100 . In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! Youre not investing in a building that will decay over time, but the rich farmland itself. The Land Reportmagazine reported in January that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the U.S. A $171 million purchase of 14,500 acres of prime eastern Washington farmland in 2018 gave the power couple an estimated 242,000 acres of farmland, which is nearly the size of Hong Kong. Why Bill Gates Is Investing Big Time In Farmland Across Washington And The Country - Northwest Public Broadcasting About Contact Us Coverage Area Our Staff Work With Us Report an Outage Station News Latest Station News Connect Archives Our Stories Download NWPB App TV Schedules Channel Guide Online Schedules Download Schedules Local Programs Bill Gates purchase of a large patch of land in North Dakota has sparked fury and conspiracy theories on social media after the Microsoft billionaire secured legal approval to purchase the 2,100 acres of farmland in the state last week. Farmland has some natural built-in drawbacks for all of the built-in benefits: Just 20 years ago, it was difficult to invest in farmland if you werent already independently wealthy. Stay up to date with what you want to know. Based on Bill Gates budding friendship with Warren Buffett, Cascade adopted much of Buffets approach to investing: invest in good companies, and hold long term to see healthy returns. How Long Can You Be Held Without Bond In Michigan? As of October 2021, the Asian nation owns $1.065 trillion, or about 3.68%, of the $28.9 trillion U.S. national debt, which is more than any other foreign country except Japan. Well, as with everything in life, there is always a trade-off especially in finance. Any why now after years of massive success? The portion of land that isn't owned by farmers varies widely regionally; in some areas, almost 80 percent of agricultural land is held by non-operators. Gates owns less than 1% of the nations farmland. It is reported that Bill Gates owns over 269,000 acres of farmland in over a dozen states, making him the largest farmland owner in America. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Official govt docs expose Michelle Obamas 14 year history as a man., "Woody Harrelsons 60 seconds in the middle of his monologue was cut out of the edits released after the show., BREAKING Trump preps Marines to stop presidential coup.. Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. Conspiracy Theorists claimed last year that the Microsoft founder was buying up farmland in the U.S. to starve Americans for some unknown reason, Snopes said, after researchers said in April that the world was facing a potential food shortage due to Russias invasion of Ukraine. With the Washington state acreage and other recent additions to his portfolio,. We need your help. Conservatives are vowing to never drink Heineken again after it was recently revealed that billionaire Bill Gates acquired a minority stake in the popular brewing company. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? 22. The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. Distance from Michigan to Detroit The shortest route between Michigan and Detroit is, Michigan law is absolutely clear that an adult over the age of 21 shall not sell or furnish alcohol to a minor. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. Mar 4, 2009. However, there are also countless farmland investing platforms gaining traction now too. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. What Asset Class Is Farmland Considered To Be? This article Bill Gates Finally Explains Why He's Buying So Much U.S. Supreme Court just voted to ban condoms., Says Ukrainian President Volodymyr Zelenskyy said he wants Americas sons and daughters to go die in Ukraine., In Ohio, there are 75,000 acres of farmland, fertile farmland, that are all now being poured down with acid rain., Muslims by the millions are converting to Christianity.. With over 242,000 acres of farmland, Bill Gates is America's biggest farmland owner, and his ownership may be connected to climate change and plant-based meat substitutes. He said he did so to make the farms "more productive" and "create more jobs," adding that it was his investment team that made the decision. The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). However, Microsoft wasn't Bill Gates' only successful venture. 1995 - 2023 by Snopes Media Group Inc. Official: Michigan State gunman had note threatening 2 New Jersey schools. No, its the Roman Catholic Church. Bill Gates, and the Chinese, are not just buying up farm land for that purpose. This is because of more intense seasons of drought and rain. At about $6,000 per acre, the potato farm cost roughly half of what Gates reportedly spent on highly coveted soil closer to his home in Washington. (here). This material may not be reproduced without permission. Gates owns almost 9,000 acres in Ohio, just over 9,000 acres in Indiana, nearly 18,000 in Illinois, but only 552 acres in Iowa. Featured in the agricultural side of their plan is a strategy for subsistence farmers and other small-acre farms in Africa and the developing world education, resources, and layaway payment plans which can be used through smartphones. Sign up for notifications from Insider! While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. Gates' interest in farmland is still strong. While Gates does not own the majority of U.S. farmland, he is the largest private farmland owner, according to The Land Report. Which Billionaire Owns The Most Land In The U.S.? Bill Gates just bought almost 3,000 more acres of farmland in North Dakota, a purchase that was eventually cleared by the North Dakota Attorney General even though it raised numerous questions about his intentions and why he has been buying up over a hundred thousand acres of American farmland. Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some solid tax benefits due to be land ownership. By Rebecca . Those people are upset, but there are others that are just livid about this.. Bill Gates Is the Biggest Private Owner of Farmland in the United States. The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. (AP). In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. In 2020, there were 166 such funds globally, nearly a 9x increase from only 19 in 2005. Their low fees and competitive returns set them apart from many of the other platforms out there. Bill Gates is buying up the majority of American farmland and BlackRock is buying the majority of single-family houses but I'm supposed to believe the biggest threat to us is Elon Musk buying Twitter? one Twitter user wrote (here). In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. In a statement to Reuters, editor of The Land Report and author of the article published by the outlet on farmland owned by Gates, Eric O Keefe, called the claim absurd.. No one but Bill Gates knows that answer. According to lovemoney.com, the church owns more than 70 million hectares. This isn't the first time Gates has called for higher taxes on the wealthy. The total portfolio of farmland is worth well over $700 million. In April 2022, conspiracy theorists insinuated that billionaire Bill Gates was buying up "the majority" of American farmland as part of a diabolical plot to cause widespread food shortages. Suggests virologists death is linked to COVID-19 vaccines. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. I had heard this in the past, but didn't give it much thought. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. For context, Invitation Homes and American Homes 4 Rents combined homes would be less than 1% of the 17.16 million homes, if total housing numbers stayed the same in the last three years.